Ondo Finance to halt USDY minting on Aptos, Noble from Sept. 8

  • Ondo Finance will stop USDY minting on Aptos and Noble from Sept. 8.
  • Holders of at least 1,000 USDY can bridge or redeem their tokens.
  • Osmosis and Mantra USDY will also be affected because it originates from Noble.

Ondo Finance will stop minting USDY on the Aptos and Noble networks from Sept. 8, while USDY on other supported networks will not be affected. USDY held on Osmosis and Mantra is also covered because those tokens are bridged from Noble through IBC (Inter-Blockchain Communication protocol). The token will remain fully reserve-backed. Holders with at least 1,000 USDY can bridge their holdings to another supported network or redeem them directly with Ondo at net asset value, with the redemption window open through Sept. 8, 2027.

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